Suburb Profile Report for Wynnum West QLD (4178)

Wynnum West House: Median price $539,500, Annual capital growth 1.98%, Number of sales 152, Weekly median advertised rent $460

Wynnum West Unit: Median price $332,500, Annual capital growth 1.02%, Number of sales 35, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Wynnum West has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.01%

Wynnum West,4178 was ranked 2508 in Australia by increase in median property value over the quarter.

Wynnum West, 4178 is offering QLD ‘s 661th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this QLD.

Often selling an investment property can take time, and in Wynnum West the average time real estate has been on the market is 55.3858 days.

With the median price for a house in Wynnum West being $539500 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 4.43%

Wynnum West has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.62% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Wynnum West comes in at number 156th in QLD.

Sellers are offering property buyers an average discount of -4.04% to buyers in Wynnum West at the moment, which is less than average for the rest of QLD.

Metrics i HOUSE UNIT
$539,500 $332,500
-1.01% -2.92%
-1.01% -3.62%
1.98% 1.02%
$460 $400
152 35
4.43% 6.26%
55.3858267716536 74.0714285714286

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Very good (U)
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Demographics
Total population 11745
Median household income ($/weekly) 1267
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1519 12.9
    25-34 years 1529 13.0
    35-44 years 1784 15.2
    45-54 years 1468 12.5
    55-64 years 1296 11.0
    Others 4149 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 3894 45.9
    Not Married 3603 42.5
    Defacto Relationship 980 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 8461 75.4
    Papua New Guinea 867 7.7
    Philippines 191 1.7
    United Kingdom 651 5.8
    Other 329 2.9
    Others 722 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 149 1.4
    Christianity 7706 72.0
    Hinduism 127 1.2
    Other Religious Groups 59 0.6
    No Religion 2621 24.5
    Others 48 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 393 10.1
    $600-$799 342 8.8
    $1,000-$1,249 361 9.3
    $1,500-$1,999 540 13.9
    $2,000-$2,499 432 11.1
    Others 1812 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3597 40.2
    Not in the labour force 3192 35.7
    Employed, worked part-time 1488 16.6
    Employed, away from work 346 3.9
    Unemployed, looking for work 323 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 869 16.0
    Technicians & trades workers 781 14.4
    Community & personal service workers 564 10.4
    Clerical & administrative workers 971 17.9
    Labourers 629 11.6
    Others 1613 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 151 6.2
    Infants/Primary 989 40.9
    Secondary 664 27.5
    Technical or Further Educational Institution 228 9.4
    University or other Tertiary Institutions 317 13.1
    Others 69 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9418 86.0
    Semi-detached, row or terrace house, townhouse 1163 10.6
    Flat, unit or apartment 372 3.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1483 35.4
    Being purchased 1468 35.0
    Fully owned 1220 29.1
    Other tenure type 23 0.5
    Tenure Type
Census 2011, ABS
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